MARKET WATCH: Crude oil futures prices jump again

Crude oil futures prices jumped again July 17—the second dollar-plus gain in as many days.

Energy markets are most likely concerned about oil supplies and unrest in the Ukraine. Earlier this week, US President Barack Obama imposed new sanctions against Russia’s state-run OAO Rosneft and three other companies because pro-Russian separatists resumed fighting in eastern Ukraine after a brief ceasefire fell apart (OGJ Online, July 17, 2014).

The New York Mercantile Exchange August crude oil contract jumped $1.99 on July 17, closing at $103.19/bbl. The September contract gained $1.60 to $102.20/bbl.

The natural gas contract for August decreased 16.5¢ to a rounded $3.95/MMbtu. On the US cash market, gas at Henry Hub, La., was $4.03/MMbtu, falling 7¢.

Heating oil for August delivery edged up slightly, but remained at a rounded $2.86/gal. Reformulated gasoline stock for oxygenate blending for August delivery edged down slightly, remaining at a rounded $2.88/gal.

The September ICE contract for Brent crude delivery was up 72¢ to $107.89/bbl. The October contract gained 55¢ to $108/bbl. The ICE gas oil contract for August was unchanged at $881.50/tonne.

The Organization of Petroleum Exporting Countries’ basket of 12 benchmark crudes for July 17 was $105.04/bbl, rising 60¢.

Related Articles

Shell submits revisions to its 2015 Chukchi Sea exploration plan

08/29/2014 Shell Offshore Inc. submitted revisions to its previously approved Chukchi Sea exploration plan on Aug. 28, a spokesman for the company confirmed. ...

BLM announces California oil, gas strategy as CCST issues report

08/29/2014 The US Bureau of Land Management’s California state office announced a comprehensive strategy for its oil and gas program in the state after receiv...

MARKET WATCH: Crude oil futures end trading session higher in New York

08/29/2014

Crude oil futures prices trended upwards Aug. 28, ending the day’s trading session higher, while the ICE contract for Brent retreated.

EIA: US sees lowest pre-Labor Day gasoline prices in 4 years

08/29/2014 US retail prices for regular gasoline averaged $3.45/gal on Aug. 25, which was lowest price on a Monday preceding the Labor Day holiday in the US s...

Careers at TOTAL

Careers at TOTAL - Videos

More than 600 job openings are now online, watch videos and learn more!

 

Click Here to Watch

Other Oil & Gas Industry Jobs

Search More Job Listings >>
Stay Connected